The European Commission has announced that it will create a European Innovation Council (EIC) investment fund for innovative start-ups and SMEs.
The new fund will provide mixed investment (subsidy and capital) from €0.5M to €15M for companies selected for the EIC Accelerator programme, the successor of SME Instrument.
This is the first time that the EC is making direct capital investment in businesses. The European Investment Bank (EIB) will take charge of managing the shares.
This topic and other specialist financing resources for the healthcare and life sciences ecosystem will be covered in the CEO Council organised by CataloniaBio & HealthTech on 8 July with Borja Carsi, Head of Investments at the EIB, and Luis Sánchez Álvarez, Head of Policy at the EIC.
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